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View Full Version : I just read an interesting article today


johnnybeef
10-04-2005, 04:30 AM
The ten richest people in America (http://moneycentral.msn.com/content/invest/forbes/P129955.asp?GT1=6968) 50% of which are Waltons.

[censored]
10-04-2005, 04:36 AM
You know what would be really interesting? If they did a second list of like the 10 poorest people in America. If there were ties which there would be then other factors like diseases, family problems, IQ and all sorts of other things would be used to narrow it down. Now at first that would seem really mean spirited but then there could be a way for people to help the "winners" out so it would be OK. At the very least people could feel better about where they are at in life making the world a happier place.

also [censored] Oracle- although it did teach me about value investing the hard way.

Dynasty
10-04-2005, 04:36 AM
Here's what I think is perhaps the most interesting part of the article.

No. 1 William Gates; Net worth: $51.0 billion (up); Source: Software, Microsoft
Self-made

No. 2 Warren Buffett; Net worth $40.0 billion (down); Source: Investments, Berkshire Hathaway
Self-made

No. 3 Paul Allen; Net worth $22.5 billion (up); Source: Software, Microsoft, investments
Self-made

No. 4 Michael Dell; Net worth $18.0 billion (up); Source: Technology, Dell
Self-made

No. 5 Lawrence Ellison; Net worth $17.0 billion (up); Source: Software, Oracle
Self-made

#'s 6 through 10 are all Waltons. And, Sam Walton was self-made.

Popinjay
10-04-2005, 06:29 AM
[ QUOTE ]
Here's what I think is perhaps the most interesting part of the article.

No. 1 William Gates; Net worth: $51.0 billion (up); Source: Software, Microsoft
Self-made

No. 2 Warren Buffett; Net worth $40.0 billion (down); Source: Investments, Berkshire Hathaway
Self-made

No. 3 Paul Allen; Net worth $22.5 billion (up); Source: Software, Microsoft, investments
Self-made

No. 4 Michael Dell; Net worth $18.0 billion (up); Source: Technology, Dell
Self-made

No. 5 Lawrence Ellison; Net worth $17.0 billion (up); Source: Software, Oracle
Self-made

#'s 6 through 10 are all Waltons. And, Sam Walton was self-made.

[/ QUOTE ]

Also:

No. 1 William Gates; Net worth: $51.0 billion (up); Source: Software, Microsoft
Self-made
College dropout

No. 2 Warren Buffett; Net worth $40.0 billion (down); Source: Investments, Berkshire Hathaway
Self-made

No. 3 Paul Allen; Net worth $22.5 billion (up); Source: Software, Microsoft, investments
Self-made
College dropout

No. 4 Michael Dell; Net worth $18.0 billion (up); Source: Technology, Dell
Self-made
College dropout

No. 5 Lawrence Ellison; Net worth $17.0 billion (up); Source: Software, Oracle
Self-made
College dropout

NLSoldier
10-04-2005, 06:39 AM
[ QUOTE ]
[ QUOTE ]
Here's what I think is perhaps the most interesting part of the article.

No. 1 William Gates; Net worth: $51.0 billion (up); Source: Software, Microsoft
Self-made

No. 2 Warren Buffett; Net worth $40.0 billion (down); Source: Investments, Berkshire Hathaway
Self-made

No. 3 Paul Allen; Net worth $22.5 billion (up); Source: Software, Microsoft, investments
Self-made

No. 4 Michael Dell; Net worth $18.0 billion (up); Source: Technology, Dell
Self-made

No. 5 Lawrence Ellison; Net worth $17.0 billion (up); Source: Software, Oracle
Self-made

#'s 6 through 10 are all Waltons. And, Sam Walton was self-made.

[/ QUOTE ]

Also:

No. 1 William Gates; Net worth: $51.0 billion (up); Source: Software, Microsoft
Self-made
College dropout

No. 2 Warren Buffett; Net worth $40.0 billion (down); Source: Investments, Berkshire Hathaway
Self-made

No. 3 Paul Allen; Net worth $22.5 billion (up); Source: Software, Microsoft, investments
Self-made
College dropout

No. 4 Michael Dell; Net worth $18.0 billion (up); Source: Technology, Dell
Self-made
College dropout

No. 5 Lawrence Ellison; Net worth $17.0 billion (up); Source: Software, Oracle
Self-made
College dropout

[/ QUOTE ]

Yeah I was gonna comment on the fact that only 1 of the 5 who are self made finished college.

rusty JEDI
10-04-2005, 06:48 AM
Anyone have the stats on avg. income throughout the population between highschool dropouts and those with degrees?

rJ

NLSoldier
10-04-2005, 07:34 AM
[ QUOTE ]
Anyone have the stats on avg. income throughout the population between highschool dropouts and those with degrees?

rJ

[/ QUOTE ]

you mean college? and no i dont anyways.

judgesmails
10-04-2005, 07:47 AM
Guys like NLSoldier and Popinjay are so way above average, those sort of stats are irrelevant to such obvious genius. We can only hope they tip us off to their IPOs.

canis582
10-04-2005, 09:10 AM
I think people who need more than $250K per year are sick.

pokerdirty
10-04-2005, 09:37 AM
[ QUOTE ]
I think people who need more than $250K per year are sick.

[/ QUOTE ]

but i NEED a ferrari, mommy!

STLantny
10-04-2005, 09:40 AM
[ QUOTE ]
I think people who need more than $250K per year are sick.

[/ QUOTE ]
That just leaves more for us, who dont think its sick.

SL__72
10-04-2005, 10:37 AM
I remember looking at the international list... I was very suprised by how few of them had college degrees.

jba
10-04-2005, 12:43 PM
[ QUOTE ]
Anyone have the stats on avg. income throughout the population between highschool dropouts and those with degrees?

rJ

[/ QUOTE ]

linky (http://www.census.gov/hhes/income/income00/inctab7.html)

NLSoldier
10-04-2005, 01:02 PM
[ QUOTE ]


Guys like NLSoldier and Popinjay are so way above average, those sort of stats are irrelevant to such obvious genius. We can only hope they tip us off to their IPOs.

[/ QUOTE ]

I dont get it /images/graemlins/confused.gif